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  5. Jio Platforms IPO subscribed 3.34 times so far on Day 2: 10 key things retail investors should know from RHP

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Jio Platforms IPO subscribed 3.34 times so far on Day 2: 10 key things retail investors should know from RHP

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 22, 2026, 10:24 IST

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SUMMARY

Jio Platforms IPO: Neither parent Reliance Industries Ltd (RIL) nor its other existing shareholders are selling shares in the initial share sale.

key things to know ipo jio ril | Reliance Industries owns 66.4% of Jio Platforms before the IPO and will retain control after the listing.

Reliance Industries owns 66.4% of Jio Platforms before the IPO and will retain control after the listing.

The initial public offering of Jio Platforms, the digital services and telecommunications arm of Reliance Industries, has been subscribed 3.34 times so far on the second day of bidding on Thursday, October 22.

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It has mobilised bids for 66,02,65,608 shares compared to 19,75,25,934 shares on offer, according to the cumulative data on the National Stock Exchange (NSE) until 10:23 am.

The portion for qualified institutional buyers (QIBs) was subscribed 9.42 times, and the category for retail investors received 92% subscription. The quota for non-institutional investors was booked 2 times.

Jio Platforms IPO: From record-breaking size to lightning-fast subscription, 7 milestones that make it historic

Jio Platforms IPO: 10 key things retail investors should know from RHP

  • Jio Platforms IPO subscription period: The initial share sale is live from Wednesday, October 21, to Friday, October 23.
  • IPO offer structure: The ₹30,213 crore book-build issue is exclusively a fresh issuance of 27 crore shares.
  • Jio Platforms IPO price band: The price range has been fixed at ₹1,065 to ₹1,119 per share.
  • Jio Platforms IPO anchor investors: Before the IPO, the company collected ₹8,109.85 crore from anchor investors, including Life Insurance Corporation (LIC), New World Fund Inc, the Government of Singapore, SBI Focused Fund, domestic mutual funds, BNP Paribas Financial Markets, domestic mutual funds, BlackRock and the Abu Dhabi Investment Authority, among others.
  • Jio Platforms IPO lot size: An application consists of 12 shares and multiples thereof.
  • Reservation: The company has reserved 50% of the net issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail individual investors (RIIs). Shares worth ₹3000 crore have been set aside for the company's employees and shareholders of Reliance Industries.
  • Objectives: The funds will be utilised to repay outstanding borrowings of material subsidiary, RJIL, and for corporate general purposes.
  • Book-running lead manager and registrar: Kotak Mahindra Capital Company, Morgan Stanley India Company, BNP Paribas, BofA Securities India, Axis Capital, DAM Capital Advisors, CLSA India, Goldman Sachs (India) Securities, Citigroup Global Markets India, ICICI Securities, HDFC Bank, HSBC Securities and Capital Markets, JM Financial, Jefferies India, JP Morgan India, UBS Securities India, IIFL Capital Services, SBI Capital Markets and 360 ONE WAM are the issue's book-running lead managers. KFin Technologies Ltd is the registrar.
  • Jio Platforms IPO allotment date: The basis of allotment is expected to be finalised on October 26.
  • Listing date: The listing on the NSE and the BSE will occur on October 28.
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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